Stocks of LifeMD Inc (NASDAQ:LFMD) traded higher last session on Wall Street, up 1.66% to $4.90.
LFMD stock price is now -12.04% away from the 50-day moving average and -25.59% away from the 200-day moving average. The market capitalization of the company currently stands at $212.23M.
With the price target of $12, Lake Street recently initiated with Buy rating for LifeMD Inc (NASDAQ: LFMD). On December 04, 2024, Mizuho recently initiated its ‘Neutral’ rating on the stock quoting a target price of $7, while ‘B. Riley Securities’ rates the stock as ‘Buy’
In other news, Schreiber Justin, Chief Executive Officer sold 25,000 shares of the company’s stock on Jan 02 ’25. The stock was sold for $129,668 at an average price of $5.19. Upon completion of the transaction, the Chief Executive Officer now directly owns 2,703,715 shares in the company, valued at $13.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 02 ’24, Chief Executive Officer Schreiber Justin sold 25,000 shares of the business’s stock. A total of $162,925 was realized by selling the stock at an average price of $6.52. This leaves the insider owning 2,728,715 shares of the company worth $13.37 million. A total of 21.86% of the company’s stock is owned by insiders.
During the past 12 months, LifeMD Inc has had a low of $3.99 and a high of $12.88. The fifty day moving average price for LFMD is $5.5706 and a two-hundred day moving average price translates $6.5848 for the stock.
The latest earnings results from LifeMD Inc (NASDAQ: LFMD) was released for 2024-09-30. The company reported revenue of $53.39 million for the quarter, compared to $38.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.27 percent.
